Second Draw Period definition

Second Draw Period is the period commencing on December 1, 2015 and ending on the earlier of (i) January 31, 2016 and (ii) the occurrence of an Event of Default; provided, however, that the Second Draw Period shall not commence if on December 1, 2015, an Event of Default has occurred and is continuing.

Second Draw Period is the period commencing on the date of the occurrence of the Phase II Milestones and ending on the earliest of (i) May 31, 2022, (ii) forty-five (45) days after the occurrence of the Phase II Milestones and (iii) the occurrence and continuance of an Event of Default.

Second Draw Period is the period commencing on the later of (i) the date of the occurrence of the Positive Data Event and (ii) October 1, 2018 and ending on the earliest of (i) the date that is sixty (60) days immediately after the occurrence of the Positive Data Event, (ii) December 20, 2018 and (iii) the occurrence of an Event of Default; provided, however, that the Second Draw Period shall not commence if on the date that it would have otherwise commenced an Event of Default has occurred and is continuing.

Examples of Second Draw Period in a sentence

• If the Second Draw Period commences and Borrower fails to draw the full amount of the Term B Loans in accordance with the terms hereof, a fully earned and non-refundable non-utilization fee in the amount of One Hundred Thousand Dollars ($100,000.00) which shall become due and payable upon the earliest of: (i) the Maturity Date, (ii) the acceleration of any Term Loan, (iii) the prepayment of a Term Loan pursuant to Section 2.2(c) or (d), or (iv) the date that Second Draw Period ends.

• Subject to the terms and conditions of this Agreement, the Lenders agree, severally and not jointly, during the Second Draw Period, to make term loans to Borrower in a single advance in an aggregate amount equal to Five Million Dollars ($5,000,000.00) according to each Lender’s Term B Loan Commitment as set forth on Schedule 1.1 hereto (such term loans are hereinafter referred to singly as a “Term B Loan”, and collectively as the “Term B Loans”).

• September 30, 2021, (ii) sixty (60) days after achieving the Term B Milestones, and (iii) the occurrence of an Event of Default; provided, however, that the Second Draw Period shall not commence if on the date of the occurrence of the Term B Milestones an Event of Default has occurred and is continuing.

• Subject to the terms and conditions of this Agreement, upon Borrower’s request, during the Second Draw Period, Bank shall make one (1) term loan advance (the “Term C Loan Advance”) available to Borrower in an original principal amount of Five Million Dollars ($5,000,000.00).

• During the Second Draw Period, Borrower may request one (1) additional Term Loan Advance in an amount of Four Million Dollars ($4,000,000).

More Definitions of Second Draw Period

Second Draw Period is the period commencing on the date occurring on or after the Second Amendment Effective Date in which Borrower satisfies the Second Draw Conditions and ending on the earlier of (a) June 20, 2021, and (b) the occurrence of an Event of Default.

Second Draw Period is the period commencing on the date of the occurrence of the Second Draw Milestone and ending on the earlier of (i) December 31, 2013 or (ii) the occurrence of an Event of Default; provided, however, that the Second Draw Period shall not commence if on the date of the occurrence of the Second Draw Milestone an Event of Default has occurred and is continuing.

Second Draw Period means the period commencing after March 31, 2015 and upon the occurrence of the First Milestone Event and the Second Milestone Event and ending on the earlier to occur of (i) June 30, 2015, and (ii) an Event of Default.

Second Draw Period is the period commencing on the date of the occurrence of the Term B Funding Milestones and ending on the earlier of (i) December 31, 2018 and (ii) the occurrence of an Event of Default; provided, however, that the Second Draw Period shall not commence if on the date of the occurrence of the Term B Funding Milestones an Event of Default has occurred.

Second Draw Period is the period commencing on later of the date of the occurrence of the First Equity Event and November 1, 2015, and ending on the earlier of (i) Xxxxx 00, 0000, (xx) thirty (30) days after the date of the occurrence of the First Equity Event and (iii) the occurrence of an Event of Default (unless such Event of Default is cured or waived to the satisfaction of the Collateral Agent and the Required Lenders for the purposes of the continuation of the Second Draw Period); provided, however, that the Second Draw Period shall not commence if on the date of the occurrence of the First Equity Event an Event of Default has occurred and is continuing.

Second Draw Period is the period commencing on the date of the occurrence of the IPO Event and ending on the earliest of (i) the date which is thirty (30) days after the date the IPO Event is achieved, (ii) November 30, 2019 and (iii) the occurrence of an Event of Default that continues; provided, however, that the Second Draw Period shall not commence if on the date of the occurrence of the IPO Event an Event of Default has occurred and is continuing.

Second Draw Period is the period of time commencing upon on February 1, 2008 through the earliest to occur of (a) Bridge Loan Maturity Date, and (b) an Event of Default.